Some private equity investors are focused on developing high-end residential facilities for self-pay and commercially insured patients rather than comprehensive outpatient services for publicly and privately insured patients.
State officials say an overhaul is needed to improve mobile crisis response, incorporate local mental health services that already exist and, more broadly, put separate people in charge of financial and clinical decisions.
Beaumont Health and hospital management company Universal Health Services will build a $45 million hospital in Dearborn dedicated to mental health services.
Hospitals added 13,000 new jobs in October, 1,000 more than the prior month, when they made the most new hires of any healthcare sector. Meanwhile, ambulatory healthcare services regained the top spot, just inching out hospitals.
Universal Health Services is backing down on its goal of achieving 5% behavioral health revenue growth by year-end as Medicaid managed-care providers continue to clamp down on lengths of stay.
The shift toward value-based payment in healthcare that countless advocates say will cut costs and improve the quality of care isn't without its downsides. This week's earnings show the evolution is weighing on some providers' bottom lines.
Only a full merger would allow the 16-hospital health system based in Edison, N.J., and the Belle Mead, N.J.-based behavioral health provider to reach their full potential, executives said, although healthcare economists disagree.
Acadia Healthcare met its adjusted earnings per share and revenue guidance, but is struggling with shorter patient lengths of stay.
State legislators in New York this week approved $500,000 to launch a pilot project intended to encourage emergency department doctors to prescribe alternative treatments for pain to reduce their use of opioids.
Many systems like Hackensack Meridian Health are looking to establish an all-in-one regional presence that better integrates behavioral health services, which has been a particularly fragmented sector of the industry, exacerbated by issues like the opioid epidemic.
The J.P. Morgan Healthcare Conference continued in San Francisco on Wednesday as Community Health Systems provided few details on its continuing divestment plans, and Universal Health Systems blamed nurse and psychiatrist shortages for its lagging growth.
Acadia Healthcare CEO Joey Jacobs and other executives are joining investors Waud Capital Partners and Bain Capital Investors to sell 2.8 million shares in one of the nation's largest behavioral health chains.